NEGOTIATOR’S TAKE: A great time to be calling your metal parts suppliers and negotiating decreases.
China adding to market malaise
Prices of major traded-metals have tumbled to multi-year lows as weak Chinese manufacturing data added to the brew of excess supply and a strong dollar that has put pressure on several commodities this week.
Three-month copper futures fell to $5,202.50 a metric ton on the London Metal Exchange, their lowest level in six years, as a preliminary gauge of China’s manufacturing activity dropped to a 15-month low in July. Prices of three-month aluminum on the LME, another heavily-traded base metal, also dropped to a six-year low at $1,634 per ton. Read the rest of this ProPurchaser sourced article, HERE.
Source: The Wall Street Journal, July 2015
Article Author: Biman Mukherji – View his profile at: LinkedIn